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File #:
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202500618
Version:
1
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Type:
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Ordinance
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Status:
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Passed Emergency
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On agenda:
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4/2/2025
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Final action:
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4/2/2025
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ORD/RES# date:
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4/2/2025
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ORD/RES#:
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0074-2025
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Title:
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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/2/2025, AUTHORIZING the City Manager to enter into (i) a Funding and Development Agreement with Cincinnati Center City Development Corporation ("3CDC"), OTR Holdings, Inc. (an affiliate of 3CDC), and Findlay Community Center LLC (an affiliate of 3CDC) relating to the redevelopment of certain real property generally bounded by Goose Alley, Findlay Street, Vine Street, and Bardes Alley (the "Project Site") in the Over-the-Rhine neighborhood of Cincinnati into (a) an approximately 59,700 square foot community center and approximately 7,900 square foot public outdoor play area, and (b) an approximately 8,400 square foot early learning childcare center and approximately 4,900 square foot childcare center playground (collectively, the "Project"); (ii) a Ground Lease to Findlay Community Center LLC of the Project Site for a term of 75 years for the construction of the Project; (iii) a Findlay Community Center Sublease ba...
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title
ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/2/2025, AUTHORIZING the City Manager to enter into (i) a Funding and Development Agreement with Cincinnati Center City Development Corporation (“3CDC”), OTR Holdings, Inc. (an affiliate of 3CDC), and Findlay Community Center LLC (an affiliate of 3CDC) relating to the redevelopment of certain real property generally bounded by Goose Alley, Findlay Street, Vine Street, and Bardes Alley (the “Project Site”) in the Over-the-Rhine neighborhood of Cincinnati into (a) an approximately 59,700 square foot community center and approximately 7,900 square foot public outdoor play area, and (b) an approximately 8,400 square foot early learning childcare center and approximately 4,900 square foot childcare center playground (collectively, the “Project”); (ii) a Ground Lease to Findlay Community Center LLC of the Project Site for a term of 75 years for the construction of the Project; (iii) a Findlay Community Center Sublease back from Findlay Community Center LLC; and (iv) related agreements; ESTABLISHING new capital improvement program project account no. 980x164x251633, “Findlay Community Center,” to provide resources for the Project; AUTHORIZING the transfer and appropriation of $24,250,000 from the unappropriated surplus of Urban Development Bond Fund 862 to newly established capital improvement program project account no. 980x164x251633, “Findlay Community Center,” to provide resources for the Project; and further DECLARING expenditures from newly established capital improvement program project account no. 980x164x251633, “Findlay Community Center,” to serve a public purpose because they will facilitate the Project for the benefit of the citizens of Cincinnati and, in particular, the residents of Over-the-Rhine. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).
recommendation
PASS EMERGENCY
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